First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Significant Decrease in Short Interest

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 236,200 shares, a drop of 38.6% from the December 15th total of 384,700 shares. Based on an average daily trading volume, of 506,200 shares, the days-to-cover ratio is presently 0.5 days.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR stock opened at $77.34 on Tuesday. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $53.29 and a fifty-two week high of $86.95. The company has a market cap of $2.98 billion, a PE ratio of 23.16 and a beta of 1.25. The stock’s fifty day moving average price is $81.42 and its two-hundred day moving average price is $75.36.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.0561 per share. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC lifted its stake in First Trust RBA American Industrial Renaissance ETF by 22.7% in the 3rd quarter. LPL Financial LLC now owns 1,859,927 shares of the company’s stock valued at $138,881,000 after purchasing an additional 343,844 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 12,150.6% in the third quarter. International Assets Investment Management LLC now owns 701,961 shares of the company’s stock valued at $52,415,000 after buying an additional 696,231 shares during the period. Raymond James & Associates raised its holdings in First Trust RBA American Industrial Renaissance ETF by 82.6% in the 3rd quarter. Raymond James & Associates now owns 613,331 shares of the company’s stock valued at $45,797,000 after buying an additional 277,507 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in First Trust RBA American Industrial Renaissance ETF by 2.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,793 shares of the company’s stock worth $18,736,000 after buying an additional 6,893 shares during the period. Finally, Riggs Asset Managment Co. Inc. grew its holdings in First Trust RBA American Industrial Renaissance ETF by 2.7% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 175,951 shares of the company’s stock worth $13,138,000 after acquiring an additional 4,652 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Company Profile

The First Trust RBA American Industrial RenaissanceTM ETF (AIRR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a multifactor-selected index of equities that can benefit from potential regain in market share of US industrial and community banking sector. AIRR was launched on Mar 10, 2014 and is managed by First Trust.